Carnival International : UPDATES ON WINDING UP PROCEEDINGS

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Carnival Group International Holdings Limited 嘉年華國際控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock code : 00996)

USD180,000,000 10.0% SENIOR BONDS DUE 2021

(Stock code: 05619)

UPDATES ON WINDING UP PROCEEDINGS

Reference is made to the announcements of Carnival Group International Holdings Limited (the "Company") dated 11 March 2020, 4 June 2020, 16 June 2020, 29 June 2020, 21 July 2020, 22 July 2020, 29 September 2020 and 8 February 2021 (the "Announcements") in relation to the Zhang's Petition received by the Company. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

At the adjourned hearing before the High Court on 1 March 2021 relating to the Zhang's Petition, the High Court ordered that the hearing be further adjourned to 25 May 2021. The Company will keep its shareholders informed of any significant developments by way of further announcement(s) as and when appropriate.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the board

Carnival Group International Holdings Limited

Luo Jiaqi

Executive Director

Hong Kong, 1 March 2021

The Board, as at the date of this announcement, comprises Mr. Luo Jiaqi, Mr. Tin Ka Pak and Mr. Tang Runtao as executive Directors, and Mr. Chau Wai Hing, Mr. Ma Hang Kon Louis and Mr. Tso Hon Sai Bosco as independent non-executive Directors.